2021-12-08T17:03:48-06:00 2021-06-30 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2020-07-01 841582086 POINT FOUNDATION POIN 3239331234 6230 WILSHIRE BLVD NO 1606 LOS ANGELES CA 90048 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 3239331234 2021-12-07 1 JORGE VALENCIA 999009999 LIZBETH G NEVAREZ P01399868 3108731600 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JORGE VALENCIA 6230 WILSHIRE BLVD NO 1606 LOS ANGELES CA 90048 14651098 0 X WWW.POINTFOUNDATION.ORG X 2001 CO TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT. 33 33 20 295 0 0 4323699 8644333 0 0 399987 228805 -325588 -137569 4398098 8735569 787038 894178 0 0 1716318 2012502 69000 72000 624366 1013205 1335693 3585561 4314373 812537 4421196 10217046 15285214 643952 382591 9573094 14902623 X POINT FOUNDATION EMPOWERS PROMISING LGBTQ STUDENTS TO ACHIEVE THEIR FULL ACADEMIC AND LEADERSHIP POTENTIAL - DESPITE THE OBSTACLES OFTEN PUT BEFORE THEM - TO MAKE A SIGNIFICANT IMPACT ON SOCIETY. 0 0 1774907 754644 0 SCHOLARSHIP & SCHOLAR SUPPORT: AS OF JUNE 2021, POINT FOUNDATION (POINT) HAS AWARDED OR WILL AWARD 929 SCHOLARSHIPS AND HAVE INVESTED $47 MILLION IN OUR LGBTQ SCHOLARS. POINT FOUNDATION CURRENTLY AWARDS THREE TYPES OF SCHOLARSHIPS: OUR TRADITIONAL FLAGSHIP SCHOLARSHIP FOR FOUR-YEAR UNDERGRADUATE AND 2-YEAR GRADUATE SCHOOL STUDENTS, COMMUNITY COLLEGE SCHOLARSHIPS, BIPOC SCHOLARSHIPS (SPECIFICALLY FOR BLACK, INDIGENOUS AND PEOPLE OF COLOR) AND OPPORTUNITY GRANTS. ALL SCHOLARSHIP PROGRAMS MAY INCLUDE FINANCIAL ASSISTANCE, ONE-ON-ONE MENTORING OR COACHING AND COMPREHENSIVE LEADERSHIP TRAINING. BY ENSURING THESE STUDENTS OBTAIN A SOLID EDUCATIONAL FOUNDATION, POINT FOUNDATION IS BUILDING A GENERATION OF LEADERS, COMMITTED BOTH TO PERSONAL ACHIEVEMENT AND TO INCREASING ACCEPTANCE AND UNDERSTANDING ACROSS SOCIETY.DURING THE 2020-2021 ACADEMIC YEAR, POINT FOUNDATION SUPPORTED 202 STUDENTS INCLUDING 55 POINT SCHOLARS, 36 COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS, 69 BIPOC SCHOLARS AND 42 OPPORTUNITY GRANT RECIPIENTS. AS A CHAMPION FOR EQUAL ACCESS TO HIGHER EDUCATION, POINT FOUNDATION IS PROUD THAT MANY POINT SCHOLARS ARE FROM GROUPS TRADITIONALLY UNDERREPRESENTED ON COLLEGE CAMPUSES. OF THE 158 POINT SCHOLARS: 75% IDENTIFY AS A RACIAL OR ETHNIC GROUP OTHER THAN WHITE; 38% IDENTIFY AS TRANSGENDER OR NON-BINARY; AND 49% ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE.SUPPORT FOR LGBTQ STUDENTS DURING COVIDIT IS WELL KNOWN THAT THE COVID PANDEMIC POSED CHALLENGES TO MOST STUDENTS ACROSS THE COUNTRY IN NUMEROUS WAYS. POINT QUICKLY RESPONDED TO THE NEEDS OF OUR STUDENTS AT THE OUTSET OF THE COVID PANDEMIC BY ESTABLISHING THE POINT COVID EMERGENCY FUND TO PROVIDE ADDITIONAL FINANCIAL SUPPORT. POINT ALLOWED STUDENTS TO USE FUNDS TO COVER A BROAD ARRAY OF EMERGENCY EXPENSES INCLUDING HOUSING, FOOD, AND INTERNET ACCESS. TO UNDERSTAND HOW COVID AFFECTED OUR STUDENTS MORE BROADLY, POINT COLLABORATED ON A RESEARCH STUDY WITH THE WILLIAMS INSTITUTE OF THE UCLA SCHOOL OF LAW TO UNDERSTAND THE EFFECTS OF THE PANDEMIC ON LGBTQ COLLEGE STUDENTS COMPARED WITH STUDENTS AT LARGE. A LINK TO THE FULL REPORT CAN BE FOUND HERE, HTTPS://WILLIAMSINSTITUTE.LAW.UCLA.EDU/PUBLICATIONS/COVID-19-COLLEGE-STUDENTS/ BUT SOME KEY FINDINGS ARE: NEARLY ONE IN TEN (9.5%) OF LGBTQ AND 3.3% OF NON-LGBT STUDENTS REPORTED THAT THEY DID NOT CURRENTLY HAVE RELIABLE INTERNET AND A QUIET SPACE TO COMPLETE ONLINE INSTRUCTION. MORE TRANSGENDER STUDENTS REPORTED A LACK OF RELIABLE INTERNET AND A QUIET SPACE TO COMPLETE ON-LINE INSTRUCTION THAN CISGENDER STUDENTS, 30.6% VERSUS 4.5%, RESPECTIVELY. MORE LGBTQ STUDENTS EXPERIENCED A HOUSING DISRUPTION DUE TO THE PANDEMIC THAN THEIR NON-LGBTQ COUNTERPARTS, 30.9% V. 16.9%, RESPECTIVELY. AMONG STUDENTS WHO MOVED HOME TO LIVE WITH RELATIVES DUE TO COVID-19, NEARLY HALF (49.8%) WERE NOT "OUT" TO PARENTS AS LGBTQ.ONE TAKEAWAY IS THE RECOGNITION THAT THIS TYPE OF EMERGENCY FUNDING SHOULD BE AVAILABLE TO OUR STUDENTS IN TIMES OF CRISIS. 972981 139534 0 LEADERSHIP CONFERENCES & TRAINING: POINT FOUNDATION UTILIZED ITS VIRTUAL PLATFORM, POINT FOUNDATION UNIVERSITY, TO PRESENT OUR LEADERSHIP PROGRAMMING IN 2020-2021. INCLUDED IN OUR PROGRAMMING WERE THE FOLLOWING EVENTS:COMMUNITY COLLEGE TRANSFER SYMPOSIUM COMMUNITY COLLEGE STUDENTS CONVENED WITH SEASONED EXPERTS WHO WORK IN HIGHER EDUCATION TO LEARN CRITICAL SKILLS SUCH AS HOW TO CHOOSE A SAFE, INCLUSIVE SCHOOL FOR THEIR FIELD OF STUDY, FUNDING THEIR EDUCATION AND APPLICATION ESSAY WRITING TO HELP THEM TRANSFER SUCCESSFULLY TO A FOUR-YEAR UNIVERSITY. LEAD CONFERENCE FOR FLAGSHIP SCHOLARS: ADAPTING AS LEADERS POST-COVID: SCHOOL, SELF-CARE, EMPLOYMENT 54 FLAGSHIP SCHOLARS CONVENED TO FOCUS ON ISSUES STUDENTS FACE AS THEY EMERGE FROM THE PANDEMIC AND QUARANTINE. TOPICS INCLUDED SELF-CARE, REMOTE LEARNING, AND ADAPTING LEADERSHIP METHODS. LEAD CONFERENCE FOR FLAGSHIP SCHOLARS: RACIAL JUSTICE AND ENTREPRENEURSHIP FLAGSHIP SCHOLARS CONVENED FOR AN INTIMATE DISCUSSION WITH BOARD DIRECTOR, MARNIE MERRIAM, AND POINT ALUM, ASHLAND JOHNSON, WHO IDENTIFIES AS A QUEER BLACK WOMAN. THERE WERE NUMEROUS CHALLENGES POSED THROUGHOUT THIS YEAR, WITH QUEER JUSTICE AND RACIAL JUSTICE AT THE FOREFRONT OF PUBLIC CONVERSATIONS.LEAD CONFERENCE FOR GRADUATING SCHOLARS A TOTAL OF 44 FLAGSHIP AND COMMUNITY COLLEGE SCHOLARS GRADUATED IN THE SPRING OF 2021. TO CELEBRATE THIS MILESTONE IN THEIR LIVES, WE INVITED EACH GRADUATE TO ATTEND A CONGRATULATORY LEAD PROGRAM WITH THEIR MENTOR OR COACH THAT FOCUSED ON TRANSITIONING INTO THE WORKPLACE, BUILDING A PROFESSIONAL NETWORK AND CONTINUING EDUCATION. EXPERT COACHING PANEL FOR BIPOC SCHOLARS AND OPPORTUNITY GRANT RECIPIENTS THROUGH AN EXCLUSIVE ONLINE PORTAL, POINT PROVIDES ITS BIPOC SCHOLARS AND OPPORTUNITY GRANT RECIPIENTS WITH YEAR-ROUND ACCESS TO A GROUP OF LGBTQ PROFESSIONALS AND ALLIES WHO SHARE THEIR INSIGHTS, TIPS FOR SUCCESS, AND ANSWER QUESTIONS. THIS YEAR AND EVERY YEAR OUR PRIORITY IS SERVING OUR STUDENTS, ENABLING THEM TO FULFILL THEIR ACADEMIC GOALS AND RECOGNIZING THAT LGBTQ PEOPLE ARE UNDERREPRESENTED IN LEADERSHIP ROLES IN ALMOST EVERY INDUSTRY, BECOME THE LEADERS OF TOMORROW. 329864 0 0 SCHOLAR SELECTIONS: THE EFFECTS OF SYSTEMIC RACISM HAVE AFFECTED ACCESS TO HIGHER EDUCATION IN PROFOUND WAYS. IN THE SUMMER OF 2020 POINT FOUNDATION'S LEADERSHIP MADE THE COMMITMENT TO CREATE A NEW SCHOLARSHIP FUND TO SPECIFICALLY SUPPORT BIPOC LGBTQ STUDENTS. TO IMPLEMENT THIS PROGRAM POINT SOUGHT TO UNDERSTAND THE NEEDS OF LGBTQ BIPOC STUDENTS AND CREATE A PROGRAM TO BEST BENEFIT THESE STUDENTS.IN THE SUMMER OF 2020, WE CONVENED A COMMITTEE OF ADVISORS THAT INCLUDED BIPOC BOARD MEMBERS, ALUMNI, AND STAFF. WITH THE COMMITTEE'S ADVISEMENT, WE CREATED A PROGRAM THAT DIFFERS FROM OUR OTHER SCHOLARSHIP OFFERINGS IN A COUPLE OF KEY WAYS: SCHOLARSHIPS ARE OFFERED TWO TIMES PER YEAR; SELECTED APPLICANTS NEED TO DEMONSTRATE A COMMITMENT TO THEIR EDUCATION FOR FULL OR PART-TIME STUDY; AND FUNDING IS DESIGNED TO BE FLEXIBLE ENOUGH TO ALLOW STUDENTS TO USE IT IN THE WAY THAT MOST BENEFIT'S THEM. THIS CAN INCLUDE TUITION, SCHOOL FEES, HOUSING, TECHNOLOGY PURCHASES, OR EVEN TRANSPORTATION.OUR INAUGURAL SCHOLARSHIP APPLICATIONS RECEIVED NEARLY 300 SUBMISSIONS AND INTEREST FROM MORE THAN 800 STUDENTS. AWARDS WERE MADE TO 24 STUDENTS IN THIS FIRST ROUND IN MARCH OF 2021. IN APRIL OF THIS YEAR, WE OPENED A SECOND ROUND OF APPLICATIONS AND AWARDED 45 ADDITIONAL SCHOLARSHIPS. IN THE COMING YEAR WE WILL BE AWARDING 170 BIPOC SCHOLARSHIPS. 3077752 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA AL AK AZ AR CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X SCOTT ARNESON 3239331234 6230 WILSHIRE BLVD SUITE A PMB 890 LOS ANGELES CA 90048 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 70.00 0.00 X 316599 0 14806 SCOTT ARNESON CFO 50.00 0.00 X 157369 0 568 EDWARD T FARLEY DEPUTY EXECUTIVE DIRECTOR 50.00 0.00 X 155813 0 7933 EDWARD PELTO CHIEF DEVELOPMENT OFFICER 50.00 0.00 X 155256 0 7847 HECTOR D GARZA DEVELOPMENT DIR ENGAGEMENT & ADVANCEMENT 50.00 0.00 X 115233 0 8572 ADAM D CROWLEY DEVELOPMENT DIR INDIVIDUAL GIVING 50.00 0.00 X 113925 0 8268 ALAN GUNO CO-CHAIR 6.00 0.00 X X 0 0 0 PETER LICHTENTHAL CO-CHAIR 6.00 0.00 X X 0 0 0 JEN WOHLNER CO-VICE CHAIR 6.00 0.00 X X 0 0 0 BRIAN DENT CO-VICE CHAIR & TREASURER 6.00 0.00 X X 0 0 0 CELINA GERBIC SECRETARY 6.00 0.00 X X 0 0 0 JAMES WILLIAMS CHAIR EMERITUS (UNTIL JULY 2021) 3.00 0.00 X 0 0 0 AARON LEIFER BOARD MEMBER 3.00 0.00 X 0 0 0 ALEXIA KORBERG BOARD MEMBER 3.00 0.00 X 0 0 0 ANTHONY YU BOARD MEMBER 3.00 0.00 X 0 0 0 BEN HARMAN BOARD MEMBER 3.00 0.00 X 0 0 0 BEN KOZUB BOARD MEMBER 3.00 0.00 X 0 0 0 BRITTANY ELLENBERG BOARD MEMBER 3.00 0.00 X 0 0 0 CHRISTOPHER NIZER BOARD MEMBER 3.00 0.00 X 0 0 0 DIANA GRESHTCHUK BOARD MEMBER 3.00 0.00 X 0 0 0 EDDIE SANTOS BOARD MEMBER 3.00 0.00 X 0 0 0 GLENN EVANS BOARD MEMBER 3.00 0.00 X 0 0 0 JAKE ROSTOVSKY MA LMFT BOARD MEMBER 3.00 0.00 X 0 0 0 JENNA GAMBARO BOARD MEMBER 3.00 0.00 X 0 0 0 JERRY ROJAS BOARD MEMBER 3.00 0.00 X 0 0 0 JIM HOLMES BOARD MEMBER 3.00 0.00 X 0 0 0 JIM PATTON BOARD MEMBER 3.00 0.00 X 0 0 0 KELLY HORTON BOARD MEMBER 3.00 0.00 X 0 0 0 KEN THAXTON BOARD MEMBER 3.00 0.00 X 0 0 0 MARIO ACOSTA-VELEZ BOARD MEMBER 3.00 0.00 X 0 0 0 MARNIE MERRIAM BOARD MEMBER 3.00 0.00 X 0 0 0 MATT BARBEY BOARD MEMBER 3.00 0.00 X 0 0 0 MICHELLE ADAMS BOARD MEMBER 3.00 0.00 X 0 0 0 NATHAN FRIEDMAN BOARD MEMBER 3.00 0.00 X 0 0 0 PAUL TESTA BOARD MEMBER 3.00 0.00 X 0 0 0 SARAH MADEY BOARD MEMBER 3.00 0.00 X 0 0 0 SEAN ROURKE BOARD MEMBER 3.00 0.00 X 0 0 0 SETH PERSILY BOARD MEMBER 3.00 0.00 X 0 0 0 STACEY SMITHERS BOARD MEMBER 3.00 0.00 X 0 0 0 ASHLAND JOHNSON BOARD MEMBER - UNTIL JAN 2021 3.00 0.00 X 0 0 0 JAMES GARGAS BOARD MEMBER - UNTIL JAN 2021 3.00 0.00 X 0 0 0 MICHAEL CIPRESSO BOARD MEMBER - UNTIL OCT 2020 3.00 0.00 X 0 0 0 TERRY LONGMORE BOARD MEMBER - UNTIL SEPT 2020 3.00 0.00 X 0 0 0 1014195 0 47994 6 0 1 0 0 320402 268048 8055883 639401 8644333 224226 224226 5763556 5757361 1616 6195 -1616 4579 4579 18983 320402 156552 -137569 -137569 8735569 0 0 91236 894178 894178 512952 340006 62999 109947 1260330 835398 154788 270144 112119 74317 13770 24032 127101 84248 15610 27243 60591 60591 37300 37300 72000 72000 17204 17204 233175 180209 52966 428803 368167 24728 35908 65596 58032 5591 1973 82392 71243 8241 2908 3929 3080 389 460 15378 9036 347 5995 6500 6500 15657 13538 1566 553 22509 19464 2251 794 LAWSUIT SETTLEMENT 194105 0 194105 0 PUBLIC AWARENESS/PROMO. 97525 91035 3495 2995 EVENTS EXPENSE 32519 19107 735 12677 MERCHANT FEES 22510 16694 2045 3771 4314373 3077752 612255 624366 263161 561656 977666 1625863 1924848 3049084 35624 26736 41286 15994 6718 25292 6878465 9871723 130564 124860 10217046 15285214 225904 382591 150000 0 268048 0 643952 382591 X 3021485 5952613 6551609 8950010 9573094 14902623 10217046 15285214 4421196 908333 0 X X 0 1 X 1 0 X 5294605 3576268 3590366 4323699 8644333 25429271 5294605 3576268 3590366 4323699 8644333 25429271 2600249 22829022 210342 271782 324220 315610 224226 1346180 26775451 0.85260 0.83600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3549893 984897 672150 50000 5156940 3549267 1727 83899 85000 3549893 6334510 6911 189211 103433 2877932 3549267 6256043 9602 394524 325659 6334510 5742331 5063 591175 82526 6256043 0.00000 0.65750 0.34250 0 0 41286 15994 25292 25292 X 9786493 908333 159795 1068128 8718365 17204 17204 8735569 4456964 159795 159795 4297169 17204 17204 4314373 PART V, LINE 4: THE PRIMARY LONG-TERM FINANCIAL OBJECTIVE FOR POINT'S ENDOWMENT IS TO PRESERVE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF ENDOWMENT ASSETS. BOARD-DESIGNATED FUNDS HAVE BEEN ESTABLISHED FOR: (1) A SCHOLARSHIP FUND WHOSE INCOME WILL BE USED TO ESTABLISH A RESERVE FOR FUNDING FUTURE SCHOLARSHIPS OR POSSIBLE MID-YEAR INCREASES IN SCHOLARSHIP AWARDS, AND (2) AN ADMINISTRATIVE RESERVE USED FOR COVERING POSSIBLE UNAVOIDABLE OPERATING DEFICITS. THE BOARD OF DIRECTORS (AFTER CONSIDERATION OF A RECOMMENDATION OF POINT'S FINANCE COMMITTEE) WILL GENERALLY CONSIDER A TARGET SPENDING POLICY EQUAL TO APPROXIMATELY 5% OF THE ENDOWMENT'S AVERAGE THREE-YEAR PORTFOLIO VALUE. DISTRIBUTIONS FROM THE ENDOWMENT ARE MADE AT THE DISCRETION OF POINT'S BOARD OF DIRECTORS, INCLUDING DECISIONS TO MAKE NO DISTRIBUTIONS FROM THE ENDOWMENT, IF APPROPRIATE. PART X, LINE 2: POINT RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED JUNE 30, 2021, POINT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. X X X X X X 1 LAUTMAN MASKA NEILL & CO 1730 RHODE ISLAND AVE NW WASHINGTON DC 20036 DIRECT MAIL CAMPAIGN 0 471268 72000 399268 471268 72000 399268 AL AK AZ AR CA CO CT DE FL GA HI ID IA KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY KS IN IL LA POINT HONORS 197421 183378 14043 17896 60009 1091 NY POINT HONORS 133177 129047 4130 10030 55474 10600 1 8787 7977 810 1413 39 339385 320402 18983 29339 115483 11730 156552 -137569 1 SCHOLARSHIP/STIPEND 202 804227 89951 FMV SHARED COST OF UNDIVIDED BILL PART I, LINE 2: APPLICANTS MUST COMPLETE AN ONLINE APPLICATION BY THE ANNOUNCED DEADLINE. THE APPLICATION INCLUDES SECTIONS FOR GENERAL, FAMILY AND CITIZENSHIP INFORMATION, ACADEMIC RECORD AND STANDARDIZED TEST SCORES, LEADERSHIP EXPERIENCE, LGBT COMMUNITY EXPERIENCE, FINANCIAL NEED, AND ESSAYS. EACH APPLICATION IS READ AND SCORED BY 2 TO 3 POINT FOUNDATION DIRECTORS, STAFF AND/OR PRE-QUALIFIED/APPROVED VOLUNTEERS. SCORES ARE BASED UPON RUBRICS DEVELOPED FOR THAT PURPOSE, AND READERS ARE TRAINED IN THEIR USE. THE APPLICANT POOL IS NARROWED DOWN TO A GROUP OF SEMI-FINALISTS WHO ARE ASKED TO SUBMIT ADDITIONAL SUPPLEMENTAL MATERIAL, INCLUDING LETTERS OF RECOMMENDATION AND OFFICIAL SCHOOL TRANSCRIPTS. THE PRE-SELECTIONS COMMITTEE MEETS TO REVIEW THE STRONGEST SEMI-FINALISTS AND RANK THE APPLICANTS. CANDIDATES SELECTED FOR FURTHER REVIEW ARE INTERVIEWED BY TELEPHONE, FROM WHICH PROCESS A POOL OF FINALISTS IS SELECTED. THOSE FINALISTS ARE THEN BROUGHT TO A FINAL SELECTION WEEKEND WHERE THEY ARE INTERVIEWED IN PERSON BY PANELS OF POINT DIRECTORS, TRUSTEES, VOLUNTEERS AND STAFF. ALL SCHOLARSHIP RECIPIENTS MUST SHOW PROOF OF ENROLLMENT IN AN ACCREDITED U.S. COLLEGE OR UNIVERSITY. TUITION AND CAMPUS HOUSING PAYMENTS ARE SENT DIRECTLY TO THE SCHOOL UPON SUBMISSION OF A TUITION INVOICE. A COPY OF THE LEASE MUST BE SUBMITTED BEFORE ANY OFF-CAMPUS RENT PAYMENTS ARE PROCESSED. RECEIPTS AND A CHECK REQUEST ARE REQUIRED FOR OTHER SCHOLARSHIP REIMBURSEMENTS, WHICH ARE REVIEWED AND APPROVED BY POINT'S CFO BEFORE REIMBURSEMENT. X X X X X X 0 0 0 0 0 0 0 1 0 JORGE VALENCIA EXECUTIVE DIRECTOR & CEO 261599 0 55000 0 0 0 0 0 14806 0 331405 0 0 0 SCOTT ARNESON CFO 147369 0 10000 0 0 0 0 0 568 0 157937 0 0 0 EDWARD T FARLEY DEPUTY EXECUTIVE DIRECTOR 145813 0 10000 0 0 0 0 0 7933 0 163746 0 0 0 EDWARD PELTO CHIEF DEVELOPMENT OFFICER 155256 0 0 0 0 0 0 0 7847 0 163103 0 0 0 PART I, LINE 7 STAFF BONUSES ARE DETERMINED ON PERFORMANCE EVALUATION AND COMPLETION OF STRATEGIC PLAN OBJECTIVES. X 13 535391 FMV X 1 104011 PURCHASE PRICE 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF CONTRIBUTORS. PART I, LINE 32B: OUR INVESTMENT BROKER HAS A STANDING ORDER TO SELL ALL STOCK GIFTS RECEIVED. FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE SINCE THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FIRST DRAFT OF THE FORM 990 IS REVIEWED BY THE CFO. THE 990 IS THEN FORWARDED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE 990 AND SUPPORTING DOCUMENTS AND DISCUSSES THE 990 AND ANNUAL AUDIT WITH THE INDEPENDENT AUDITORS. THE AUDIT COMMITTEE SUBMITS THE 990 AND THE ANNUAL AUDITED FINANCIAL STATEMENTS TO THE BOARD OF DIRECTORS (BOD) WITH A RECOMMENDATION OF ACCEPTING THE FORM 990 OR NOT. AFTER DISCUSSION AT A BOD MEETING, THE BOD VOTES TO ACCEPT OR REJECT THE 990. ONCE ACCEPTED, THE FINAL VERSION OF THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH FISCAL YEAR, DIRECTORS, TRUSTEES AND EMPLOYEES READ AND SIGN-OFF ON POINT'S CONFLICT OF INTEREST POLICY, STATING THAT THEY WILL AVOID ACTIVITIES OR OUTSIDE INTERESTS THAT CONFLICT WITH THE BEST INTERESTS OF POINT FOUNDATION. THE POLICY ALSO REQUIRES THAT THEY FILE A CONFLICT OF INTEREST STATEMENT WITH THE EXECUTIVE DIRECTOR & CEO OF POINT EACH YEAR DISCLOSING ANY ANTICIPATED OR POSSIBLE CONFLICT SITUATIONS PRIOR TO ANY DISCUSSION OR NEGOTIATION OF THE TRANSACTIONS. POINT'S CHIEF OF STAFF COLLECTS, TRACKS AND REVIEWS THESE SIGNED FORMS. A LIST OF BUSINESSES AND/OR ORGANIZATIONS GATHERED FROM THE FORMS IS GIVEN TO THE CFO TO TRACK FINANCIAL DEALINGS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR/CEO'S COMPENSATION IS NEGOTIATED AT THE BEGINNING OF THE TERM OF EACH MULTIYEAR CONTRACT RENEWAL; AT THAT TIME, THE BOARD OF DIRECTORS DOES A FULL REVIEW OF OTHER LIKE ORGANIZATIONS' SALARIES, USING IRS 990S, WHICH REVIEW INFORMS ITS OFFER AND APPROVAL OF THE EMPLOYMENT AGREEMENT. ANNUAL INCREASES ARE DETERMINED BY THE TERMS OF THE EMPLOYMENT AGREEMENT; ANNUAL BONUSES ARE DETERMINED BY A PERFORMANCE REVIEW COMPLETED BY THE BOARD OF DIRECTORS AT THE END OF EVERY FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15B THE EXECUTIVE DIRECTOR/CEO, ALONG WITH THE DEPUTY EXECUTIVE DIRECTOR, USE COMPARABLE DATA TO REVIEW AND APPROVE THE COMPENSATION OF OTHER EMPLOYEES, INCLUDING THE CFO. THE OVERALL COMPENSATION INCREASE IS APPROVED BY THE FINANCE COMMITTEE AND BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING POLICIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: CONFLICT OF INTEREST POLICY FOR DIRECTORS, TRUSTEES, STAFF, ALUMNI AND SCHOLARS; NON-DISCRIMINATION POLICY; AND PRIVACY POLICY. THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND THE ANNUAL REPORT ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR, AS COMPARED TO THE PRIOR TAX YEAR.